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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Post by Trend_T_Traderon May 10, 2011 2:02am
412 Views
Post# 18552119

Interesting Chart

Interesting ChartAFA bottomed around 6c in 2005, 2008 and 2010.  Since then it has broken a 1-year downtrend and is now trading above its 200-day moving average. 

That's normally extremely bullish, from a technical perspective.  Red flags are that it completely missed the mania in resource penny stocks late last year, and precious metals and stock markets are likely putting in major tops. 

Worth keeping an eye on.
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